JFE HOLDINGS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,361 JPY | +1.05% |
|
-0.80% | +7.93% |
| 22/03 | Japan's Seibu considers sale of Tokyo office building for $2 bln, sources say | RE |
| 21/02 | Japan's JFE Holdings to raise steel product prices from April | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,81,758 | 4,04,824 | 7,84,835 | 9,92,076 | 9,75,422 | 14,85,957 | - | - |
| Enterprise Value (EV) 1 | 25,23,346 | 21,26,121 | 24,35,199 | 27,39,703 | 27,18,996 | 31,37,446 | 30,18,262 | 29,18,388 |
| P/E ratio | 6.62 x | -2.05 x | -35.9 x | 3.44 x | 5.99 x | 7.36 x | 6.33 x | 6.52 x |
| Yield | 2.66% | 2.84% | 0.73% | 8.13% | 4.76% | 4.28% | 4.84% | 4.63% |
| Capitalization / Revenue | 0.28 x | 0.11 x | 0.24 x | 0.23 x | 0.19 x | 0.28 x | 0.27 x | 0.28 x |
| EV / Revenue | 0.65 x | 0.57 x | 0.75 x | 0.63 x | 0.52 x | 0.59 x | 0.56 x | 0.54 x |
| EV / EBITDA | 5.89 x | 7.87 x | 10.7 x | 4.87 x | 5.5 x | 5.65 x | 5.22 x | 4.95 x |
| EV / FCF | -56 x | -16.3 x | -25.6 x | 256 x | 22.4 x | -157 x | 22.1 x | 19.4 x |
| FCF Yield | -1.79% | -6.13% | -3.91% | 0.39% | 4.47% | -0.64% | 4.52% | 5.16% |
| Price to Book | 0.56 x | 0.25 x | 0.47 x | 0.5 x | 0.46 x | 0.63 x | 0.59 x | 0.56 x |
| Nbr of stocks (in thousands) | 5,75,863 | 5,75,852 | 5,75,814 | 5,75,784 | 5,80,954 | 6,35,976 | - | - |
| Reference price 2 | 1,878 | 703.0 | 1,363 | 1,723 | 1,679 | 2,336 | 2,336 | 2,336 |
| Announcement Date | 14/05/19 | 12/05/20 | 07/05/21 | 06/05/22 | 08/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 38,73,662 | 37,29,717 | 32,27,285 | 43,65,145 | 52,68,794 | 53,15,417 | 54,34,493 | 53,88,558 |
| EBITDA 1 | 4,28,313 | 2,70,199 | 2,26,815 | 5,62,322 | 4,94,686 | 5,55,112 | 5,78,370 | 5,89,567 |
| EBIT 1 | 2,21,818 | -2,00,927 | -9,538 | 3,10,039 | 2,25,086 | 2,87,844 | 3,22,827 | 3,22,147 |
| Operating Margin | 5.73% | -5.39% | -0.3% | 7.1% | 4.27% | 5.42% | 5.94% | 5.98% |
| Earnings before Tax (EBT) 1 | 2,09,313 | -2,13,473 | -4,930 | 3,88,535 | 2,10,282 | 2,66,334 | 3,16,311 | 3,07,003 |
| Net income 1 | 1,63,509 | -1,97,744 | -21,868 | 2,88,058 | 1,62,621 | 1,95,600 | 2,34,489 | 2,26,072 |
| Net margin | 4.22% | -5.3% | -0.68% | 6.6% | 3.09% | 3.68% | 4.31% | 4.2% |
| EPS 2 | 283.8 | -343.4 | -37.98 | 500.3 | 280.5 | 317.5 | 369.0 | 358.5 |
| Free Cash Flow 1 | -45,100 | -1,30,286 | -95,121 | 10,704 | 1,21,489 | -20,001 | 1,36,355 | 1,50,512 |
| FCF margin | -1.16% | -3.49% | -2.95% | 0.25% | 2.31% | -0.38% | 2.51% | 2.79% |
| FCF Conversion (EBITDA) | - | - | - | 1.9% | 24.56% | - | 23.58% | 25.53% |
| FCF Conversion (Net income) | - | - | - | 3.72% | 74.71% | - | 58.15% | 66.58% |
| Dividend per Share 2 | 50.00 | 20.00 | 10.00 | 140.0 | 80.00 | 100.0 | 113.1 | 108.1 |
| Announcement Date | 14/05/19 | 12/05/20 | 07/05/21 | 06/05/22 | 08/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,71,292 | 18,58,425 | 14,92,294 | 17,34,991 | 10,54,036 | 19,42,977 | 11,54,417 | 12,67,751 | 24,22,168 | 12,53,600 | 13,10,735 | 25,64,335 | 13,44,200 | 13,60,259 | 27,04,459 | 12,62,086 | 13,14,501 | 25,76,588 | 12,89,159 | 13,53,649 | 25,81,400 | 12,98,184 | 13,51,233 | 26,30,000 | 13,64,608 | 13,61,975 | 25,70,000 |
| EBITDA 1 | - | - | - | - | 1,70,835 | - | 1,87,698 | 53,886 | - | 1,82,120 | 1,35,351 | - | 1,09,196 | 68,019 | - | 1,54,649 | 1,53,162 | - | 1,40,775 | 1,26,474 | - | 1,02,042 | 2,17,147 | - | 1,35,749 | 75,994 | - |
| EBIT 1 | 49,063 | -2,49,990 | -1,14,338 | 1,04,800 | 1,10,506 | 1,98,869 | 1,23,970 | -12,800 | 1,11,170 | 1,16,659 | 71,256 | 1,87,915 | 43,100 | -14,038 | - | 55,820 | 79,522 | 1,64,346 | 76,268 | 56,189 | - | 56,836 | 1,15,889 | - | 1,02,690 | 36,312 | - |
| Operating Margin | 2.62% | -13.45% | -7.66% | 6.04% | 10.48% | 10.24% | 10.74% | -1.01% | 4.59% | 9.31% | 5.44% | 7.33% | 3.21% | -1.03% | - | 4.42% | 6.05% | 6.38% | 5.92% | 4.15% | - | 4.38% | 8.58% | - | 7.53% | 2.67% | - |
| Earnings before Tax (EBT) 1 | 42,782 | -2,56,255 | -1,20,788 | 1,15,858 | 1,07,779 | 1,93,221 | 1,10,624 | 84,690 | - | 1,13,404 | 67,841 | 1,81,246 | 32,500 | -3,464 | - | 79,883 | 75,479 | 1,55,363 | 70,987 | 39,124 | - | 66,000 | 68,000 | - | 1,25,000 | 51,000 | - |
| Net income 1 | 31,934 | - | -1,05,712 | 83,844 | 78,776 | 1,40,755 | 82,292 | 65,011 | - | 83,844 | 39,411 | 1,23,256 | 20,600 | 18,681 | - | 59,602 | 50,488 | 1,10,091 | 52,831 | 36,321 | - | 61,805 | 87,306 | - | 77,698 | 23,687 | - |
| Net margin | 1.71% | - | -7.08% | 4.83% | 7.47% | 7.24% | 7.13% | 5.13% | - | 6.69% | 3.01% | 4.81% | 1.53% | 1.37% | - | 4.72% | 3.84% | 4.27% | 4.1% | 2.68% | - | 4.76% | 6.46% | - | 5.69% | 1.74% | - |
| EPS 2 | 55.46 | -398.8 | -183.6 | 145.6 | 136.8 | 244.4 | 142.9 | - | - | 145.6 | 67.99 | 213.2 | 35.60 | 31.69 | - | 102.6 | 84.89 | 187.0 | 83.07 | 80.48 | - | 115.7 | 195.9 | - | 102.8 | 11.59 | - |
| Dividend per Share 2 | 20.00 | - | - | - | 60.00 | 60.00 | - | - | - | - | 50.00 | 50.00 | - | 30.00 | - | - | 50.00 | 50.00 | - | 50.00 | - | - | 59.00 | - | - | 59.00 | - |
| Announcement Date | 12/11/19 | 12/05/20 | 09/11/20 | 07/05/21 | 05/11/21 | 05/11/21 | 08/02/22 | 06/05/22 | 06/05/22 | 03/08/22 | 04/11/22 | 04/11/22 | 06/02/23 | 08/05/23 | 08/05/23 | 03/08/23 | 06/11/23 | 06/11/23 | 06/02/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 14,41,588 | 17,21,297 | 16,50,364 | 17,47,627 | 17,43,574 | 16,51,489 | 15,32,305 | 14,32,431 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.366 x | 6.37 x | 7.276 x | 3.108 x | 3.525 x | 2.975 x | 2.649 x | 2.43 x |
| Free Cash Flow 1 | -45,100 | -1,30,286 | -95,121 | 10,704 | 1,21,489 | -20,001 | 1,36,355 | 1,50,512 |
| ROE (net income / shareholders' equity) | 8.63% | -11.1% | -1.3% | 15.7% | 7.9% | 8.91% | 9.39% | 8.99% |
| ROA (Net income/ Total Assets) | 4.57% | -4.56% | -0.11% | 7.82% | 3.89% | 3.83% | 4.1% | 4.33% |
| Assets 1 | 35,96,839 | 43,33,004 | 2,06,28,243 | 36,85,803 | 41,80,693 | 51,13,717 | 57,19,246 | 52,17,045 |
| Book Value Per Share 2 | 3,345 | 2,826 | 2,916 | 3,453 | 3,650 | 3,730 | 3,953 | 4,202 |
| Cash Flow per Share 2 | 624.0 | 58.80 | 372.0 | 938.0 | 746.0 | 695.0 | 805.0 | 774.0 |
| Capex 1 | 3,12,578 | 3,91,356 | 3,42,395 | 3,40,935 | 3,25,632 | 3,61,409 | 3,29,685 | 3,32,422 |
| Capex / Sales | 7.89% | 10.49% | 10.61% | 7.81% | 6.18% | 6.8% | 6.07% | 6.17% |
| Announcement Date | 14/05/19 | 12/05/20 | 07/05/21 | 06/05/22 | 08/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
2,336
JPY
Average target price
2,734
JPY
Spread / Average Target
+17.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.93% | 9.48B | |
| +0.69% | 42.05B | |
| +18.32% | 25.04B | |
| -18.52% | 22.45B | |
| +14.37% | 21.33B | |
| -7.34% | 21.11B | |
| +9.63% | 20.25B | |
| -11.56% | 8.59B | |
| -24.03% | 8.31B | |
| +32.67% | 8.16B |
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- Financials JFE Holdings, Inc.
